Whether the transaction involves a multi-million dollar office building or a single-family home, a Buyer faces possible serious financial loss, or could lose the right to own the property altogether, if a serious cloud on the title goes undetected. An expert title search before the purchase will identify the current status of title to the property as well as provide the list of necessary requirements for Eagle Gate to complete in order for us to issue an Owners Title Insurance Policy on the subject property. An Owner’s Policy offers protection against various hazards, including those even the most thorough search of the public records do not disclose; such as forgeries, missing heirs or recording errors. The Owner’s Policy will pay valid claims against losses incurred by the policy holder as well as defense costs against attacks on the title. For a one-time premium, that is modest in relation to the value of property involved, the Buyer receives the protection of a title policy backed by the reserves and solvency of an insurance company. In the unlikely event the insurance company ceases to operate, reserves offer the assurance that another insurer will accept risk for the existing policyholders. While it is traditional in Utah for residential home Sellers to purchase the Owners Title Policy for the Buyer, and choose who the issuing title agent is, all Buyers should be informed. Contact our office at 407-591-3726 to speak with one of our licensed title agents or click below to request a call.